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BAJAJ-AUTOMARKET OUTLOOKSTOCK OUTLOOK

Bajaj Auto Outlook for the Week (August 07, 2023 – August 11, 2023)

Bajaj Auto closed the previous week on a negative note losing 5.60%.

Technically, Bajaj Auto share price will see immediate support at 4,615.12 and immediate resistance would be seen at 4,893.77.

If Bajaj Auto share price closes below immediate support of 4,615.12, then sharp breakdown can be seen. Bajaj Auto share price will see major support at 4,518.23 for the week.

On the positive side, immediate resistance will be seen at 4,893.77. Closing above 4,893.77, Bajaj Auto share price will see a sharp breakout. Major resistance for Bajaj Auto share price will be seen at 5,075.53 for the week.

Trading range for Bajaj Auto share price for this week should be between 4,336.47 on down side and 5,172.42 on up side.

Bajaj Auto Previous Week High: 4978.65

Bajaj Auto Previous Week Low: 4700

Bajaj Auto Previous Week Range: 278.65 Points

Bajaj Auto share price support and resistance for the week (August 07, 2023 – August 11, 2023)

Level Type Value
Resistance 3 5,172.42
Resistance 2 5,075.53
Resistance 1 4,893.77
Support 1 4,615.12
Support 2 4,518.23
Support 3 4,336.47

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